First Asset Canadian Dividend Opportunity Fund

Fund Overview

The Fund invests in an actively managed portfolio (the "Portfolio") comprised primarily of high-quality dividend paying Canadian equity securities of Canadian utility issuers, pipeline issuers and telecommunications issuers and select higher yielding equity securities. The Portfolio will include equity securities of Canadian utility issuers, energy issuers, energy infrastructure issuers, REITs and telecommunications and cable issuers that the Manager believes will provide superior risk adjusted returns through a combination of dividend income and capital appreciation potential. The Portfolio could also include securities of dividend issuers like banks and financial services issuers that have strong track records of maintaining and raising distributions. Under normal market conditions, up to 30% of the Fund's Portfolio may be invested in foreign issuers.

Investor suitability
For those who:

• Are seeking periodic cash distributions and modest growth live and whether or not you hold the fund in a registered plan such in the underlying portfolio, and are able to accept more risk than corporate bonds;
• Have a long-term investment horizon;
• Are seeking modest capital appreciation to supplement their current income; and
• Are prepared for a low to medium level of investment risk.

Performance

Sector Breakdown

As at 30 June 2020

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns. The Fund was originally launched as a TSX-listed closed-end fund on April 19, 2010, and converted into an open-end mutual fund on April 19, 2012. Performance shown is since inception of the closed-end fund. In connection with the automatic conversion certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund in order to conform to NI 81-102. Material among these changes is that the Fund will no longer be permitted to use leverage and an increase in the servicing fee from 0.5% to 1.0% per annum. Had these changes been in effect prior to this date the performance of the Fund could have been different.

The S&P/TSX Composite Index is a capitalization-weighted index designed to measure market activity of stocks listed on the Toronto Stock Exchange. This index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of broader Canadian equity market.